Running an applied think tank.

Photographer: E. Jason Wambsgans/Chicago Tribune/MCT via Getty Images

David Booth's University of Chicago Lessons

Barry Ritholtz is a Bloomberg View columnist. He founded Ritholtz Wealth Management and was chief executive and director of equity research at FusionIQ, a quantitative research firm. He blogs at the Big Picture and is the author of “Bailout Nation: How Greed and Easy Money Corrupted Wall Street and Shook the World Economy.”
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This week in our Masters in Business radio podcast we speak with David Booth, founder, Chairman and co-Chief Executive Officer of Dimensional Funds Advisors (DFA).

At the University of Kansas, Booth earned a B.A. in economics and an M.S. in business from the University of Kansas. He went on to receive an M.B.A. from the University of Chicago's business school, where he became the teaching assistant for future Nobel laureate Eugene Fama.

DFA has been called the applied think tank from the University of Chicago because Booth has drawn so much on the work of his former professors there. DFA now manages more than $400 billion and has outperformed 80 percent of its peers during the past five years.

Booth made the largest gift in the school’s history to the graduate business program, now known as the University of Chicago Booth School of Business.

Listen to the full podcast on iTunes, SoundCloud and on Earlier podcasts can be found on iTunes and at

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Barry L Ritholtz at

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James Greiff at